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Most people are still arguing about whether tokenisation is real.
Here are the live numbers from RWA. xyz as of today.
$32.24 billion in distributed tokenised assets onchain right now.
$357.53 billion in represented asset value.
930,612 individual asset holders.
$297 billion in stablecoins sitting on top of that infrastructure.
For context, the entire RWA market was under $5 billion two years ago.
The assets already onchain include US Treasuries, corporate credit, private equity, real estate, commodities, and now individual stocks and ETFs.
BlackRock. Franklin Templeton. WisdomTree. Janus Henderson. ChinaAMC.
These are not crypto-native experiments.
These are the largest asset managers on the planet, building permanent infrastructure.
The people still waiting for tokenisation to become real missed the part where it already did.
This is still early.